Vertical

India’s Prismforce raises $13.6M Series A funding led by Sequoia Capital India

Prismforce, an India-based vertical software as a service (SaaS) firm announced Tuesday that it has raised Series A funding of $13.6 million led by Sequoia Capital India along…

Securities Commission Malaysia revises venture capital and private equity framework

The Securities Commission Malaysia (SC) has enhanced its guidelines on the registration of venture capital (VC) and private equity (PE) corporations and management corporations…

87 percent of Malaysia consumers want a better online experience from banking services providers, a survey shows

Confidence in digital banking is rising in Malaysia but consumers want a better online experience and more personalized offerings, according to the new Asia-Pacific focused Bank…

Al Rajhi Bank Malaysia launches digital bank

Al Rajhi Bank Malaysia (ARBM) has taken a big step forward for financial services in Malaysia with the launch of Rize, a first-of-its-kind digital bank. In a statement on…

Investment activity in Southeast Asia will continue but investors expected to scrutinize valuations ‘more closely’, says InnoVen Capital SEA Partner [Q&A]

Investment activity in the Southeast Asia region will continue in 2023 but investors are expected to scrutinize valuations more closely, according to Southeast Asia venture debt…

2C2P and Pine Labs to expand BNPL acceptance in Southeast Asia

Singapore-based payments platform 2C2P and merchant commerce omnichannel platform Pine Labs have partnered to expand Buy Now Pay Later (BNPL) across Asia in six key markets,…

Fitch Solutions sees passenger EV sales in Malaysia to expand rapidly in 2023

Fitch Solutions, a Fitch Group unit, said Thursday that it expects passenger electric vehicle (EV) sales in Malaysia to expand rapidly in 2023, albeit from a low base due to the…

East Ventures’ at forefront to make tangible progress in achieving inclusive & sustainable future, says Partner [ORIGIN Innovation Awards Q&A]

Indonesia-focused venture capital firm East Ventures sees ESG as an important aspect in doing business and the firm applies ESG from the lens of risk management while ensuring its…

SK D&D seals deal with Glennmont to invest in solar PV projects in South Korea

South Korea-based renewable energy SK D&D has signed shareholders agreement with Glennmont Partners from Nuveen (Glennmont), one of the world’s largest fund managers investing…

MetaComp gets nod to provide digital payment token services in Singapore

Singapore-based cryptocurrency exchange MetaComp Pte. Ltd said Thursday it has been awarded a licence from the Monetary Authority of Singapore (MAS) to provide digital payment…